Live Oak Correlations

LOB Stock

USD 28.62 0.94 3.40%

The current 90-days correlation between Live Oak Bancshares and Banner is 0.65 (i.e., Poor diversification). The correlation of Live Oak is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Live Oak Correlation With Market

Modest diversification

The correlation between Live Oak Bancshares and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Oak Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Live Oak Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Live Stock

0.9	AX	Axos Financial	Pair Corr
0.67	BY	Byline Bancorp	Pair Corr
0.76	RF	Regions Financial	Pair Corr
0.71	VABK	Virginia National	Pair Corr
0.85	VBNK	VersaBank	Pair Corr
0.82	VBTX	Veritex Holdings	Pair Corr
0.86	EGBN	Eagle Bancorp	Pair Corr
0.78	WABC	Westamerica Bancorporation	Pair Corr
0.89	WAFD	Washington Federal	Pair Corr
0.7	EQBK	Equity Bancshares,	Pair Corr
0.89	WAFDP	Washington Federal	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr

Moving against Live Stock

0.86	TECTP	Tectonic Financial	Pair Corr
0.84	DB	Deutsche Bank AG	Pair Corr
0.8	VBFC	Village Bank	Pair Corr
0.42	TFC-PO	Truist Financial	Pair Corr
0.38	TFC-PR	Truist Financial	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.36	EBMT	Eagle Bancorp Montana	Pair Corr
0.77	WSBCP	WesBanco	Pair Corr
0.74	BANC-PF	Banc of California	Pair Corr
0.61	KEY-PI	KeyCorp	Pair Corr
0.35	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	ABCB	BANR	BANF	AMAL	FNWD	CWBC	FFNW	NFBK	HBCP	HMNF
ABCB		0.92	0.9	0.86	0.02	0.67	0.66	0.73	0.87	0.0	ABCB
BANR	0.92		0.9	0.78	0.11	0.7	0.63	0.73	0.77	0.0	BANR
BANF	0.9	0.9		0.78	0.38	0.87	0.75	0.89	0.72	0.0	BANF
AMAL	0.86	0.78	0.78		0.0	0.49	0.57	0.55	0.63	0.0	AMAL
FNWD	0.02	0.11	0.38	0.0		0.68	0.42	0.58	-0.09	0.0	FNWD
CWBC	0.67	0.7	0.87	0.49	0.68		0.72	0.94	0.57	0.0	CWBC
FFNW	0.66	0.63	0.75	0.57	0.42	0.72		0.72	0.55	0.0	FFNW
NFBK	0.73	0.73	0.89	0.55	0.58	0.94	0.72		0.65	0.0	NFBK
HBCP	0.87	0.77	0.72	0.63	-0.09	0.57	0.55	0.65		0.0	HBCP
HMNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HMNF
	ABCB	BANR	BANF	AMAL	FNWD	CWBC	FFNW	NFBK	HBCP	HMNF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NFBK	+ 0.94	CWBC
BANR	+ 0.92	ABCB
BANF	+ 0.9	ABCB
BANF	+ 0.9	BANR
NFBK	+ 0.89	BANF
HBCP	+ 0.87	ABCB

High negative correlations

HBCP	- 0.09	FNWD
HMNF	- 0.0	HBCP
HMNF	- 0.0	NFBK
HMNF	- 0.0	FFNW
HMNF	- 0.0	CWBC
HMNF	- 0.0	FNWD

Risk-Adjusted Indicators

There is a big difference between Live Stock performing well and Live Oak Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Live Oak's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABCB	1.24	(0.15)	0.00	(0.27)	0.00	0.00	2.04	(2.89)	9.73
BANR	1.29	(0.09)	0.00	(0.23)	0.00	0.00	2.37	(2.74)	9.28
BANF	1.25	(0.08)	0.00	(0.21)	0.00	0.00	2.00	(2.94)	7.37
AMAL	1.53	(0.21)	0.00	(0.37)	0.00	0.00	2.91	(3.93)	11.38
FNWD	1.09	(0.02)	0.00	(0.24)	0.00	0.00	2.58	(1.97)	8.51
CWBC	0.96	(0.19)	0.00	(0.38)	0.00	0.00	2.28	(2.17)	6.01
FFNW	1.00	0.04	0.16	5.12	1.03	(1.18)	1.17	(1.77)	4.77
NFBK	1.46	(0.06)	0.00	(0.20)	0.00	0.00	2.58	(3.33)	9.15
HBCP	1.32	(0.03)	0.00	(0.17)	0.00	0.00	2.82	(3.06)	8.36
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Live Oak Corporate Management

Gregory Seward	General Counsel	Profile
Huntley Garriott	Pres Company	Profile
Courtney Spencer	Chief Officer	Profile
Gregory JD	Chief Counsel	Profile
Jamie Bourgeois	Senior Infrastructure	Profile
Steven Smits	Chief Credit Officer	Profile
Renato Derraik	Chief Bank	Profile

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